Hi there I am Jason Wells owner and founder of Wells Realty and Law Group thank you for your time today. Our staff uses this blog to keep homeowners in the Phoenix area up to date and informed on the ever changing housing market in Southern Arizona. If you have a question you would like answered in one of our blogs please feel free to e-mail us so we can help.
Today I wanted to discuss a topic that homeowners have been a bit confused about lately. Given the lack of inventory in the Phoenix area right now homeowners have seen a steady rise in home prices. This has led many homeowners to consider waiting to sell their home assuming home prices will continue to rise. In my opinion it is important to assess what makes the most sense for you in the long term and not exactly what the housing market is doing every other day. Because of the rise in home prices many homeowners who sell right now may be able to profit from their sale thanks to a recent return in equity. Homeowners also have the opportunity to take advantage of great financing options right now as mortgage rates continue to stay low. Your best option may be to contact a realtor in order to look at your home value and long term options. Because of the low number of homes on the market right now homes are normally receiving multiple offers when listed. This will certainly help homeowners achieve the best possible price for their home.
Whether you believe this is a buyer or seller market make sure to consider your options while rates and home prices continue to stay low. Please give Wells Realty & Law Group a call if you have questions about the Phoenix real estate market. And don’t forget to send in your questions so we can help you make the best decision for your current and future real estate needs. Thanks again for your time and I hope you have a great day.